Business

“These are funds that would have been invested for providing other essential services.”

The minister also said the federal government is working to block wastages and increase GDP.

Inflation declined to 17.24 per cent in April — the third consecutive monthly fall.

NPA convened the stakeholders’ meeting to bring back operators who withdrew their services from the port.

The Naira closed at N383 to a dollar at the parallel market.

OPEC wants to reduce global oil inventories to their five-year average.

Equipment have been moved into the area.

Neconde bought OML 42 from Shell.

Ike Chioke spoke at the American University of Nigeria.

The increase, OPEC said, represents the biggest increase among countries within the oil producers' group.

Oando plans to focus 90 per cent of its earnings in dollars.

The naira was exchanged at N305.6 to the dollar at the interbank.

“Power, Works and Housing (ministries) received the largest allocation of N307.4 billion."

The regulator says banks are being closely monitored.

Fewer bonds were sold at the auction than the N140 billion anticipated

Mr. Soludo urges the CBN to eliminate the current multiple exchange rates as a matter of urgency.

The development came after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts.

The commission has set aside N5 billion as seed capital for the take-off of the proposed NCMDF.

The gas growth is expected to rise from three billion to five billion standard cubic feet per day by 2020.

The June 30, 2017 deadline for non-issuance of dividend warrants would not be extended, the official said.

“It is heart-warming to say that Nigeria will be out of recession soon,” the finance minister said.

The Supreme Court has ruled twice on the ownership of the aluminium company.

The former MD resigned last week.

More than half of the domestic flights were delayed.

“…I am confident the agreement will be extended into the second half of the year and possibly beyond.”